Wirecard and Southeast Asia super app Grab announce payments partnership to drive cashless economy for MSMEs across the region

Aschheim (München) (ots) -

- Grab offers a variety of services to consumers in Southeast Asia ranging fr
om ride-hailing
and food delivery to digital financial products across payments, lending an
d insurance
- Wirecard to process card transactions made via the GrabPay e-wallet and int
egrate it as a
payment method for its merchants

Wirecard, the global innovation leader for digital financial technology, is
entering into a payments partnership with Grab, Southeast Asia's leading super
app, that will see Wirecard process transactions made via the GrabPay e-wallet,
starting with the Malaysian, the Philippines and the Singapore markets.

Consumers can use their GrabPay e-wallet to pay for transactions online and
offline, for example for ride-hailing or food delivery, but can also use it to
pay for purchases on e-commerce sites or at physical stores. Through this
partnership, Wirecard will process card transactions for GrabPay via its digital
financial commerce platform and will extend GrabPay to more merchants to expand
the acceptance of the mobile payment method.

According to a recent global Wirecard consumer survey
(https://www.wirecard.com/knowledge-hub/insights/global-consumer-report) , over
90% of consumers in Southeast Asia have used digital payments both in-store and
online. Mobile wallets are almost twice as popular in the region as they are
worldwide, with 44% regularly choosing them as a payment method compared to the
global average of 25%.

"We are proud to partner with Grab, a Southeast Asian icon," commented Georg von
Waldenfels, Executive Vice President Group Business Development at Wirecard.
"Together, we aim to continue disrupting the payment, tech and mobility
industries with innovative solutions that can improve the lives of millions."

Reuben Lai, Senior Managing Director of Grab Financial Group, said, "We are
thrilled to partner with Wirecard as we progress on our journey of building a
cashless economy for millions of businesses across Southeast Asia. Wirecard's
innovative mobile payments solutions will not only complement our GrabPay
e-wallet platform, but also offer businesses and consumers the opportunity to
transact with greater security, convenience and flexibility."

The GrabPay e-wallet is one of the most popular e-wallets in Southeast Asia
accepted by over 600,000 merchants and small businesses.

About Wirecard:

Wirecard (GER:WDI) is one of the world's fastest growing digital platforms in
the area of financial commerce. We provide both business customers and consumers
with a constantly expanding ecosystem of real-time value-added services built
around innovative digital payments by using an integrated B2B2C approach. This
ecosystem concentrates on the areas payment and risk, retail and transaction
banking, loyalty and couponing, data analytics and conversion rate enhancement
in all sales channels (online, mobile, POS). Wirecard operates regulated
financial institutions in several key markets and holds issuing and acquiring
licenses from all major payment and card networks. Wirecard AG is listed on the
Frankfurt Stock Exchange (DAX and TecDAX, ISIN DE0007472060). Find out more at
http://www.wirecard.com .

About Grab:

Grab is the leading super app in Southeast Asia, providing everyday services
that matter most to consumers. Today, the Grab app has been downloaded onto over
185 million mobile devices, giving users access to over 9 million drivers,
merchants and agents. Grab offers the widest range of on-demand transport
services in the region, in addition to food and package delivery services,
digital payments and financial services across 339 cities in eight countries.
For more information, check http://www.grab.com.

Contact:

Wirecard media contact:
Wirecard AG
Jana Tilz
Tel.: +49 (0) 89 4424 1363
Email: jana.tilz@wirecard.com

Grab media contact:
Amrit Sharma
Omnicom Public Relations Group for Grab
Tel.: +65 8307 7752
Email: grab@omnicomprgroup.com

Additional content: https://www.presseportal.de/pm/15202/4543378
OTS: Wirecard AG
ISIN: DE0007472060

Original-Content von: Wirecard AG, übermittelt durch news aktuell